DATE: September 10, 2019
TO: Board of Supervisors
SUBMITTED BY: Robert W. Bash, Director, Internal Services/Chief Information Officer
SUBJECT: Approve Reclassification of Expenses Determined to be Capital Expenditures
RECOMMENDED ACTION(S):
TITLE
Approve reclassification of FY 2018-19 expenses determined to be capital assets under County Management Directives.
REPORT
Approval of the recommended action will allow the Internal Services Department Information Technology Services Division (ITSD) Org 8905, Facility Services Org 8935, and Security Services Org 8970 to properly account for expenditures incurred in FY 2018-19 on renovation projects determined to be properly accounted for as capital assets per County Management Directives. The recommended action will also allow the resulting capital expenditures for ITSD, as listed in Exhibit A, Facility Services, as listed in Exhibit B, and Security Services, as listed in Exhibit C, to be added to the County's Asset Management System. This item is countywide.
ALTERNATIVE ACTION(S):
Should your Board not approve the recommended action, the identified expenditures incurred in FY 2018-19 ITSD Org 8905, as listed in Exhibit A, Facility Services Org 8935, as listed in Exhibit B, and Security Services Org 8970, as listed in Exhibit C, would not be capitalized and depreciated over their useful life, which is inconsistent with proper accounting practices.
FISCAL IMPACT:
There is no budgetary impact to the FY 2018-19 nor the current fiscal year. Approval of the recommended action would reclassify expenditures incurred in FY 2018-19 as capital expenditures for ITSD Org 8905, as listed in Exhibit A; Facility Services Org 8935, as listed in Exhibit B; and Security Services Org 8970, as listed in Exhibit C. Additionally, approval of the recommended action will allow the County to add the reclassified expenditures into the Asset Management System to track depreciation of the capital expenditures and properly record the assets...
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